Finance/Venture

US Credit Card Debt Is Rising, With Borrowers Owing an Average of Over $6,000

The average consumer has $6,218 in credit card debt, and the number of borrowers who are unable to make their payments is on the rise.


IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes

The IMF is urging the US to maintain its open trade system instead of imposing new punitive duties on goods from China...

US Seniors: What You Need to Know About Retirement Abroad

With a growing number of people in the US choosing to retire elsewhere, those doing so are advised to research thoroughly on where to retire and enjoy their Social Security payments as much as possibl..

JPMorgan Chase CEO Jamie Dimon Sounds Alarm on Ballooning US Fiscal Deficit Due to High Government Spending

JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil...


Latest News

RBS set to raise $4 billion from U.S. listing of Citizens
State-backed Royal Bank of Scotland (RBS.L) plans to raise up to $4 billion from the share flotation of its U.S. bank Citizens Financial Group this month, putting it on track to be the biggest U.S. sh
Fifth Street Asset Management files for IPO
Alternative asset manager Fifth Street Asset Management Inc filed with the U.S. regulators for an initial public offering of Class A common stock. Morgan Stanley, J.P. Morgan and Goldman Sachs were am
Bitcoin promoter pleads guilty to unlicensed use of currency
A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit onl
Virgin Money eyes 2 billion pound stock market listing
Virgin Money [NRTRK.UL], the British financial services company partly owned by Sir Richard Branson, is in talks over a possible 2 billion pound ($3.32 billion) stock market listing as early as next m
Australia says to sell Medibank in December listing
Australia said on Friday it will sell health insurer Medibank Private in an initial public offering in December, in a sale expected to fetch about A$4 billion ($3.74 billion) and make 2014 the country
National Australia Bank subsidiary files for U.S. IPO
Great Western Bancorp Inc, the U.S. subsidiary of National Australia Bank Ltd (NAB.AX), filed with U.S. regulators on Thursday for an initial public offering.
China Huarong says Goldman, Warburg, others to buy $2.4 billion stake
China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, said on Thursday regulators have approved a deal for it to sell a 20.98 percent stake to a consortium of eight investors
Funds could face market curbs after lobbying backfires
Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G20 officials said.
Futures point to flat Wall St. open; S&P 500 near record
U.S. stock index futures pointed to very slight gains at the open on Tuesday, with investors finding few reasons to buy after a rally in the previous session that took the S&P 500 index above 2,000 fo
Asian shares firm, euro wilts as ECB seen on cusp of QE
Asian shares held firm while the euro hit one-year lows on Tuesday as investors increasingly expect the European Central Bank to expand liquidity as soon as next week to boost the sagging euro zone ec
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